The Market Turned Upside Down
The Market Turned Upside Down
Chapter two turns to the earliest phases of market-making in British North America. When America's European invaders tried to apply their models of market management to the unfamiliar territory and its people, their efforts frequently foundered on the rocky shores, or languished in the wooded glades, of this expansive and unknowable landscape. Our story of the fate of the early modern market in America must therefore begin with a thorough exploration of the encounter between existing economic assumptions and the colonization process. In other words, before we can inquire into the creation of European-style marketplaces in America, we need to find out what happened when colonists arrived to discover nothing that looked like a marketplace to them, and few people who shared their vision.
Keywords: William Penn, Earl of Shaftesbury, economy of interests, Navigation Acts, private interest, Lords of Trade
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